HOUSING ASSISTANCE MANAGEMENT ENTE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Phone

8014820554

Tax Period

2023-01-01 to 2023-12-31

HOUSING ASSISTANCE MANAGEMENT ENTERPRISE, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $461K, a strong 16% operating margin.

Mission

PROVIDE DWELLINGS FOR LEASING TO LOW AND MODERATE INCOME PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $2,030,774 Revenue: $1,847,436

PROVIDE DWELLINGS FOR LEASING TO LOW AND MODERATE INCOME PEOPLE AS DEFINED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $653,740

Program Service Revenue $1,847,436

Investment Income $447,535

Other Revenue $0

TOTAL REVENUE $2,948,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,122,466

Fundraising Expenses $0

Program Expenses $2,030,774

Other Expenses $1,365,506

TOTAL EXPENSES $2,487,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,948,711	$6,658,101	-0.6%
Expenses	$2,487,972	$2,367,227	+0.1%
Net Income	$460,739	$4,290,874	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP BERNAL	BOARD MEMBER	1.00	Director	$0	$0	$0
PALMER DEPAULIS	COMMISSIONER	1.00	Director	$0	$0	$0
BRENDA KOGA	COMMISSIONER	1.00	Director	$0	$0	$0
WILLIAM DAVIS	VICE CHAIR	1.00	Director	$0	$0	$0
FRASER NELSON	COMMISSIONER	1.00	Director	$0	$0	$0
MIKE PAZZI	Chairman	1.00	Director	$0	$0	$0
TESS CLARK	ADVISOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,948,711	$2,487,972	$26,998,770	$460,739
2022	$6,658,101	$2,367,227	$26,809,165	$4,290,874
2021	$2,053,627	$1,713,268	$14,748,431	$340,359
2020	$1,940,543	$1,395,709	$14,435,793	$544,834
2019	$5,830,695	$2,269,340	$21,577,340	$3,561,355
2018	$2,325,909	$1,513,422	$18,268,925	$812,487

HOUSING ASSISTANCE MANAGEMENT ENTERPRISE